Fifth Third Wealth Advisors LLC Purchases 1,708 Shares of Marsh & McLennan Companies, Inc. (NYSE:MMC)

Fifth Third Wealth Advisors LLC boosted its position in Marsh & McLennan Companies, Inc. (NYSE:MMC - Free Report) by 36.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,435 shares of the financial services provider's stock after buying an additional 1,708 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in Marsh & McLennan Companies were worth $1,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in MMC. Citizens Financial Group Inc. RI increased its holdings in shares of Marsh & McLennan Companies by 17.6% in the second quarter. Citizens Financial Group Inc. RI now owns 7,494 shares of the financial services provider's stock worth $1,579,000 after buying an additional 1,123 shares during the period. SYSTM Wealth Solutions LLC raised its holdings in Marsh & McLennan Companies by 4.8% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 33,585 shares of the financial services provider's stock valued at $7,077,000 after buying an additional 1,531 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Marsh & McLennan Companies by 4.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 47,729 shares of the financial services provider's stock worth $10,057,000 after acquiring an additional 2,103 shares during the last quarter. Argent Trust Co raised its stake in shares of Marsh & McLennan Companies by 1.6% during the second quarter. Argent Trust Co now owns 19,402 shares of the financial services provider's stock valued at $4,088,000 after acquiring an additional 313 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Marsh & McLennan Companies by 18.8% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 10,840 shares of the financial services provider's stock worth $2,284,000 after purchasing an additional 1,718 shares during the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MMC shares. Barclays boosted their target price on Marsh & McLennan Companies from $236.00 to $246.00 and gave the company an "equal weight" rating in a research note on Thursday, November 21st. Bank of America raised their target price on shares of Marsh & McLennan Companies from $248.00 to $250.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Wells Fargo & Company reduced their target price on Marsh & McLennan Companies from $212.00 to $211.00 and set an "equal weight" rating for the company in a report on Thursday, October 10th. BMO Capital Markets boosted their price objective on shares of Marsh & McLennan Companies from $217.00 to $228.00 and gave the company a "market perform" rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. boosted their price target on Marsh & McLennan Companies from $230.00 to $235.00 and gave the company a "neutral" rating in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Marsh & McLennan Companies currently has an average rating of "Hold" and a consensus target price of $228.60.

Insider Activity

In other news, Director Oscar Fanjul sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $221.55, for a total transaction of $553,875.00. Following the transaction, the director now directly owns 48,549 shares of the company's stock, valued at approximately $10,756,030.95. This trade represents a 4.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.35% of the company's stock.

Marsh & McLennan Companies Price Performance

MMC traded up $3.83 on Thursday, hitting $216.42. 2,074,482 shares of the company's stock traded hands, compared to its average volume of 2,091,558. The firm has a market cap of $106.29 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 2.31 and a beta of 0.96. The company's 50 day simple moving average is $218.96 and its 200-day simple moving average is $221.09. Marsh & McLennan Companies, Inc. has a one year low of $188.31 and a one year high of $235.50. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.89.

Marsh & McLennan Companies (NYSE:MMC - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.61 by $0.02. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.71 billion. Marsh & McLennan Companies had a net margin of 16.82% and a return on equity of 32.65%. The business's revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.57 EPS. As a group, research analysts anticipate that Marsh & McLennan Companies, Inc. will post 8.68 EPS for the current year.

Marsh & McLennan Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 30th will be paid a $0.815 dividend. This represents a $3.26 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Thursday, January 30th. Marsh & McLennan Companies's payout ratio is 40.15%.

About Marsh & McLennan Companies

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.